Buy vs. Lease Calculator

Compare the total cost of buying versus leasing a vehicle.

  • Methods explained
  • Save scenarios
  • Compare saved scenarios

Buy

$
$
%
60 months
$
Monthly Payment$587
Total Cost$26,131
Equity at End$4,823
Net Cost$21,308

Lease

$
$
36 months
15000 miles
12000 miles
$
Monthly Payment$350
Lease Total$15,100
Excess Mileage Fees$2,250
Total With Mileage$17,350

Best Option

Lease$3,958
How it works›

Model and assumptions. Compares the entered ownership or lease cash flows over the same use period, including modeled residual value and end costs. A lease payment combines depreciation and a financing charge. Mileage charges, resale value and unentered fees can change the outcome.CFPB: leasing versus buying